Siemens which Kaco confirm buy photovoltaic inverter manufacturers

Solar photovoltaic (pv) net news: Germany's Siemens company has confirmed to buy inverter manufacturers KacoNew Energy GmbH.

Siemens to buy business includes the inverter business which Kaco, but the latter's project development and engineering, procurement and construction business out of place in the acquisition. Germany's antitrust division will be considered on the proposed transaction, transaction is expected to can be finished in July this year.

the inverter business which Kaco, ranging from small residential application to large photovoltaic power plant products. Application of light volt is the company's strengths and energy storage facilities set of string type inverter, the capacity of up to 1500 v, and adopt the advanced semiconductor technology. At the same time the company is also considering development iteration of silicon carbide based inverter.

which Kaco company satisfied with the acquisition of Siemens' action, think it can rely on the strength of the latter, be prepared for the challenge for the coming years. And for Siemens, the acquisition can make the company get the latest technology in the field of inverter, the power electronic product portfolio to supplement, make the company to expand in the field of distributed energy system and high growth technical leading position.

a few days ago, Siemens announced photovoltaic household energy storage market. Its products have begun to the German market sales, and will soon be on the market in Austria. Entry-level products cost less than 5000 euros.

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